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721790 (Harmonized System 1996 for 6-digit)

2023
World Trade $604MRnk 2724 / 4766
2023
Top Exporter | Top Importer $137M | $55.3MChina | United States
2023
Product Complexity -0.63Rnk 3486 / 4780
2022 - 2023
Export Growth (CAGR) -13.9%Rnk 3228 / 4766
2023
Share of World Trade 0.0027%Rnk 2724 / 4766

About

Overview This page contains the latest trade data of Iron/Steel Wires: Others. In 2023, Iron/Steel Wires: Others were the world's 2724th most traded product, with a total trade of $604M. Between 2022 and 2023 the exports of Iron/Steel Wires: Others decreased by -13.9%, from $701M to $604M. Trade in Iron/Steel Wires: Others represent 0.0027% of total world trade.

Iron/Steel Wires: Others are a part of Wire of iron or non-alloy steel.

Exports In 2023 the top exporters of Iron/Steel Wires: Others  were China ($137M), Spain ($43.2M), Germany ($39.6M), India ($35.4M), and Belgium ($34.8M).

Imports In 2023 the top importers of Iron/Steel Wires: Others were United States ($55.3M), United Arab Emirates ($52.3M), Malaysia ($38.9M), Canada ($36.4M), and France ($32.3M).

Ranking Iron/Steel Wires: Others ranks 3486th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Iron/Steel Wires: Others. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$137M
Top Destination (2023)United States$55.3M

In 2023 Iron/Steel Wires: Others were the world's 2724th most traded product (out of 4,766).

In 2023, the top exporters of Iron/Steel Wires: Others were China ($137M), Spain ($43.2M), Germany ($39.6M), India ($35.4M), and Belgium ($34.8M).

In 2023, the top importers of Iron/Steel Wires: Others were United States ($55.3M), United Arab Emirates ($52.3M), Malaysia ($38.9M), Canada ($36.4M), and France ($32.3M).

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Exporters of Iron/Steel Wires: Others (2023)
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Importers of Iron/Steel Wires: Others (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)India$27.8M
Top Destination Growth (2022 -  2023)United Arab Emirates$37.2M

Between 2022 and 2023, the exports of Iron/Steel Wires: Others grew the fastest in India ($27.8M), Singapore ($7.21M), Iraq ($3.65M), Chile ($2.11M), and Djibouti ($1.71M).

Between 2022 and 2023, the fastest growing importers of Iron/Steel Wires: Others were United Arab Emirates ($37.2M), Malaysia ($9.88M), United States ($4.21M), Oman ($3.93M), and Philippines ($3.32M).

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Exporters of Iron/Steel Wires: Others (2022 - 2023)

Importers of Iron/Steel Wires: Others (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron/Steel Wires: Others.

In 2023, market concentration measured using Shannon Entropy, was 4.63. This means that most of the exports of Iron/Steel Wires: Others are explained by 24 countries.

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Value of Exports in Iron/Steel Wires: Others

Net Trade

TOP NET EXPORTER (2023)China$132M
TOP NET IMPORTER (2023)United Arab Emirates$40.8M

This map shows which countries export or import more of Iron/Steel Wires: Others. Each country is colored based on the difference in exports and imports of Iron/Steel Wires: Others during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Iron/Steel Wires: Others were China ($132M), Spain ($36.6M), Belgium ($31.4M), South Korea ($22.4M), and India ($20.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Iron/Steel Wires: Others were United Arab Emirates ($40.8M), Malaysia ($32M), Canada ($27.3M), United States ($23M), and France ($15.9M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Iron/Steel Wires: Others.
It is possible to select the main countries that export or import Iron/Steel Wires: Others in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron/Steel Wires: Others by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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